Taxable percent on cash flows

[eric]

Just to make sure I understand how it works...

If I enter a Misc Income cash flow with a Taxable Percent of 50%, and my Income Tax Rate is 30%, that cash flow will be taxed at 15%. Is that right?

I can't think what this parameter would be useful for. Can you give an example of how it might be used?

Thanks.

[jimr]

Yes, that's how it works.

Many types of retirement income are taxable or partly taxable (eg most pensions, SS benefits for some). This feature takes a gross income amount and calculates the net automatically.

[eric]

Thanks. I understand.